Tejara Capital Ltd Invests $1.01 Million in Denison Mine Corp $DNN

Key Points

• Tejara Capital Ltd acquired 775,100 shares of Denison Mine Corp, valued at approximately $1,008,000, increasing its stake to about 0.09% as of the latest SEC filing.
• Institutional investors collectively own 36.74% of Denison Mine's stock, with several new positions being established recently by various hedge funds.
• Denison Mine's stock has a consensus rating of "Buy" from analysts and a price target of $3.00, indicating positive sentiment among investors.

Tejara Capital Ltd purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 775,100 shares of the basic materials company's stock, valued at approximately $1,008,000. Tejara Capital Ltd owned approximately 0.09% of Denison Mine as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oxford Asset Management LLP bought a new position in shares of Denison Mine in the 4th quarter valued at about $26,000. Sowell Financial Services LLC bought a new position in Denison Mine in the first quarter valued at approximately $26,000. Providence Capital Advisors LLC bought a new position in Denison Mine in the first quarter valued at approximately $30,000. Bayesian Capital Management LP bought a new position in shares of Denison Mine in the fourth quarter valued at $44,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Denison Mine by 35.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock valued at $61,000 after buying an additional 8,783 shares in the last quarter. 36.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DNN. Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a report on Monday. TD Securities reiterated a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. Desjardins upgraded Denison Mine to a "moderate buy" rating in a research note on Monday. National Bankshares reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Monday. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mine Stock Down 0.5%

Shares of NYSEAMERICAN:DNN traded down $0.01 during trading on Wednesday, reaching $1.92. 43,884,696 shares of the company traded hands, compared to its average volume of 63,832,980. The company's 50 day moving average is $1.96 and its two-hundred day moving average is $1.68. The firm has a market capitalization of $1.72 billion, a PE ratio of -32.00 and a beta of 1.39. Denison Mine Corp has a 52 week low of $1.08 and a 52 week high of $2.47.

Denison Mine Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.